- Ethereum’s crash has erased all gains from last year’s rally, with its price now at $1,875, marking a 7.26% weekly drop and a 44% year-to-date decline
- Trump’s World Liberty Financial (WLFI) has suffered a 32% loss in recent days, with its portfolio value dropping from $336 million to $226 million due to Ethereum’s decline
- WLFI’s heavy reliance on Ethereum, purchased at an average price of $3,240, has resulted in significant unrealized losses as the altcoin now trades around $2,000
Donald Trump’s cryptocurrency investment platform ‘World Liberty Financial (WLFI) has suffered heavy losses amidst the Ethereum crash.
Today, on March 10, the world’s second-largest cryptocurrency by market capitalization saw a steep value decline, completely erasing all profits earned during last year’s rally that started in November.
At this time of writing, Ethereum trades at $1,875, down by 7.26% in the week. Also, the altcoin is down by nearly 44% year-to-date. Ethereum is now at its lowest point since 2023, signaling the alert to investors that a potential bearish trend could continue over the next period.
Trump’s World Liberty Financial Loses $110 Million in ETH
Ether makes up the majority of World Liberty Financial holdings. According to Arkham Intelligence, the platform’s portfolio has suffered significant losses due to Ethereum’s steep decline.
Colin Wu from WuBlockchain shared the report on Twitter. According to him, Trump’s family crypto endeavor had a 32% loss over the last couple of days.
With ETH accounting for 65% of WLFI’s holdings, the average purchase price of $3,240 per token has resulted in substantial unrealized losses as Ethereum now trades around $2,000. This depreciation has contributed to a total portfolio value drop from $336 million to approximately $226 million, highlighting the risks of concentrated investments in volatile assets.
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